Division
Nick Xenophon by leave, I move amendments (2) and (4) on sheet 7782 revised. (2) Schedule 1, item 4, page 54 (after line 16), after subsection 67(1), insert: (1A) If: (a) the significant action is to acquire an interest in Australian land; and (b) the land is agricultural land; then, in determining whether taking the significant action would be contrary to the national interest for the purposes of subsection (1), the Treasurer must have regard to each of the following matters in so far as the matter is relevant: (c) national security issues, including Australia's ability to protect its strategic and security interests; (d) the impact the significant action will have, if any, on the following: (i) competition, global industry or market outcomes; (ii) Australian tax revenues; (iii) Australia's food security; (e) the impact the significant action will have, if any, on the Australian economy, including whether the significant action will, or is likely to, result in; (i) the creation of new job opportunities in Australia, or the retention of existing jobs in Australia that may otherwise be lost; or (ii) the introduction into Australia of new technology or business skills; or (iii) increased export receipts for Australian exporters; or (iv) additional market competition, greater efficiency or productivity, or enhanced domestic services, in Australia; or (v) the introduction into Australia of additional investment for development purposes; or (vi) increased processing in Australia of Australian primary products; (f) whether Australia's economic interests are adequately safeguarded and promoted; (g) whether the significant action will, or is likely to benefit Australia generally, or any part of Australia or group of Australians; (h) whether the foreign person has demonstrated financial commitment to the interest; (i) whether the foreign person has business experience and acumen relevant to the interest; (j) whether the foreign person is of good character; (k) any other matt
Senate, 2015-11-23. negative: ayes 5, noes 39.
Question
Nick Xenophon by leave, I move amendments (2) and (4) on sheet 7782 revised. (2) Schedule 1, item 4, page 54 (after line 16), after subsection 67(1), insert: (1A) If: (a) the significant action is to acquire an interest in Australian land; and (b) the land is agricultural land; then, in determining whether taking the significant action would be contrary to the national interest for the purposes of subsection (1), the Treasurer must have regard to each of the following matters in so far as the matter is relevant: (c) national security issues, including Australia's ability to protect its strategic and security interests; (d) the impact the significant action will have, if any, on the following: (i) competition, global industry or market outcomes; (ii) Australian tax revenues; (iii) Australia's food security; (e) the impact the significant action will have, if any, on the Australian economy, including whether the significant action will, or is likely to, result in; (i) the creation of new job opportunities in Australia, or the retention of existing jobs in Australia that may otherwise be lost; or (ii) the introduction into Australia of new technology or business skills; or (iii) increased export receipts for Australian exporters; or (iv) additional market competition, greater efficiency or productivity, or enhanced domestic services, in Australia; or (v) the introduction into Australia of additional investment for development purposes; or (vi) increased processing in Australia of Australian primary products; (f) whether Australia's economic interests are adequately safeguarded and promoted; (g) whether the significant action will, or is likely to benefit Australia generally, or any part of Australia or group of Australians; (h) whether the foreign person has demonstrated financial commitment to the interest; (i) whether the foreign person has business experience and acumen relevant to the interest; (j) whether the foreign person is of good character; (k) any other matt
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